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Donation to a Trust registered under 12A but 80-G approval is awaited

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..... Donation to a Trust registered under 12A but 80-G approval is awaited
Query (Issue) Started By: - SYED RIZVI Dated:- 2-5-2020 Last Reply Date:- 6-7-2020 Income Tax
Got 1 Reply
Income Tax
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..... A Charitable Organization , which has been registered under 12A but approval letter under 80-G is awaited , is getting the donation from public through Bank Transfer for distribution of Ration to the .....

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..... Poor in times of Corona Pandemic. The Donors want to be assured that they would atleast get the deduction under sec 80-G for the Current FY 2019-20 for the amount donated by them after the Registrati .....

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..... on of Trust under 12A. Further , whether the new provisions introduced in the Finance Act 2020 for fresh Registration under Income Tax Act online and thereafter fresh application under 80-G to be mad .....

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..... e for all the the trusts , will have any effect on the previous approval under 12 A Whether the donor would get the benefit only after the letter of approval under Section 80-G is issued by CIT (Exem .....

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..... ptions) or they would be eligible to get the exemption on the basis of approval under 12A. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: The benefit will be availble only after the approval under s .....

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..... ection 80G.
Discussion Forum - Knowledge Sharing .....

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